Insider Buying: Party City Holdco Inc. (NYSE:PRTY) Major Shareholder Purchases 470,000 Shares of Stock

Party City Holdco Inc. (NYSE:PRTYGet Rating) major shareholder Clifford Sosin bought 470,000 shares of Party City Holdco stock in a transaction on Friday, April 8th. The shares were purchased at an average price of $3.46 per share, for a total transaction of $1,626,200.00. Following the acquisition, the insider now directly owns 20,001,623 shares in the company, valued at approximately $69,205,615.58. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Major shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

Clifford Sosin also recently made the following trade(s):

  • On Wednesday, April 6th, Clifford Sosin bought 1,162,500 shares of Party City Holdco stock. The shares were purchased at an average price of $3.25 per share, for a total transaction of $3,778,125.00.

PRTY stock traded up $0.10 during midday trading on Tuesday, hitting $3.60. The company’s stock had a trading volume of 4,804,881 shares, compared to its average volume of 3,686,088. The company has a market cap of $404.83 million, a PE ratio of -59.99 and a beta of 3.62. Party City Holdco Inc. has a 12 month low of $3.12 and a 12 month high of $11.06. The company has a current ratio of 1.23, a quick ratio of 0.45 and a debt-to-equity ratio of 16.34. The firm’s 50-day moving average is $3.92 and its 200-day moving average is $5.51.

Party City Holdco (NYSE:PRTYGet Rating) last released its quarterly earnings results on Monday, February 28th. The specialty retailer reported $0.40 earnings per share for the quarter, missing the consensus estimate of $0.41 by ($0.01). Party City Holdco had a negative net margin of 0.30% and a positive return on equity of 85.76%. During the same period in the prior year, the firm earned $0.25 EPS. Analysts expect that Party City Holdco Inc. will post 0.82 earnings per share for the current year.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. CAS Investment Partners LLC increased its stake in shares of Party City Holdco by 2.9% in the 4th quarter. CAS Investment Partners LLC now owns 16,456,623 shares of the specialty retailer’s stock worth $91,663,000 after purchasing an additional 470,000 shares in the last quarter. BlackRock Inc. increased its stake in Party City Holdco by 3.4% in the 4th quarter. BlackRock Inc. now owns 7,342,740 shares of the specialty retailer’s stock worth $40,899,000 after buying an additional 240,007 shares in the last quarter. Masters Capital Management LLC increased its stake in Party City Holdco by 90.0% in the 4th quarter. Masters Capital Management LLC now owns 3,800,000 shares of the specialty retailer’s stock worth $21,166,000 after buying an additional 1,800,000 shares in the last quarter. State Street Corp increased its stake in Party City Holdco by 1.2% in the 4th quarter. State Street Corp now owns 3,122,984 shares of the specialty retailer’s stock worth $17,395,000 after buying an additional 36,438 shares in the last quarter. Finally, Wolf Hill Capital Management LP increased its stake in Party City Holdco by 66.0% in the 3rd quarter. Wolf Hill Capital Management LP now owns 3,029,821 shares of the specialty retailer’s stock worth $21,512,000 after buying an additional 1,204,688 shares in the last quarter. 75.20% of the stock is currently owned by hedge funds and other institutional investors.

A number of analysts have recently commented on the company. Zacks Investment Research cut Party City Holdco from a “hold” rating to a “strong sell” rating in a research report on Thursday, March 3rd. StockNews.com assumed coverage on Party City Holdco in a research report on Thursday, March 31st. They issued a “hold” rating on the stock. One research analyst has rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $8.42.

About Party City Holdco (Get Rating)

Party City Holdco Inc designs, manufactures, sources, and distributes party goods worldwide. The company operates through two segments, Retail and Wholesale. It offers paper and plastic tableware, metallic and latex balloons, Halloween and other costumes, accessories, novelties, gifts, and stationery.

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Insider Buying and Selling by Quarter for Party City Holdco (NYSE:PRTY)

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